Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14-53 118 St Queens, NY 11356
    Back to Search
    Property profile & analytics

    14-53 118 St Queens, NY 11356

    View on Map
    • Warehouses
    • 4,557 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 14-53 118 St

    Property size
    4,557 SF
    Property type
    Warehouses
    Property subtype
    Mixed-use properties

    Description

    This exceptional Queens, NY property at 14-53 118th Street offers a unique blend of commercial and residential potential. The 4,557 square foot building sits on a 5,000 square foot lot and is zoned M1-1, allowing for diverse uses. The property features approximately 2,613 square feet of warehouse space ideal for distribution or manufacturing, complemented by nearly 2,000 square feet of multifamily residential space across three units, currently requiring renovation. Built in 2001, this two-building complex boasts a strong pro-forma NOI of $123,006 and a 7.03% cap rate, representing a compelling investment opportunity for owner-users. Its prime location near the Whitestone Bridge and Cross Island Parkway provides easy access to major transportation arteries, enhancing its appeal to both businesses and residents. The asking price is $1,750,000, translating to $384.02 per square foot. This property presents a rare chance to acquire a well-located mixed-use asset with significant upside potential. The property has been off the market for over 20 years, making this a truly unique offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.8495
    Latitude
    40.7842

    Comparable in this City

    • Value Estimation by Request
      100,650 SF

      18-02 Petracca Pl

      Distribution properties • 100,650 SF
      18-02 Petracca Pl, College Point, NY 11356
      View Details
    • Value Estimation by Request

      1834 127Th St

      Distribution properties
      1834 127Th St, College Point, NY 11356
      View Details
    • Value Estimation by Request
      57,200 SF

      122-115 15 Ave

      Distribution properties • 57,200 SF
      122-115 15 Ave, Queens, NY 11356
      View Details
    • Value Estimation by Request
      24,000 SF

      15-32 127 St

      Distribution properties • 24,000 SF
      15-32 127 St, Queens, NY 11356
      View Details
    • Value Estimation by Request
      72,048 SF

      13121 14th Ave

      WAREHOUSE, STORAGE • 72,048 SF
      13121 14th Ave, Flushing, NY 11356-1909
      View Details
    • Value Estimation
      $2,030,000
      32,210 SF

      1830 132nd St

      WAREHOUSE, STORAGE • 32,210 SF
      1830 132nd St, Flushing, NY 11356-2402
      View Details

    Similar Nearby for Sale

    • $1,380,000
      Pending

      College Point Mixed-Use Investment Opportunity

      Semi-detached, renovated mixed-use building with M1-2 zoning in College Point.
      126-01 18Th Ave, College Point, NY 11356
      View Details
    • $1,210,000
      5,234 SF

      Mixed-Use Building in College Point

      Mixed-use building with office space and multifamily units in Queens.
      15-46 125Th St, College Point, NY 11356
      View Details
    • $1,338,000
      0.04 Acres

      Mixed-Use Investment in College Point

      Well-maintained mixed-use building with retail, residential, and parking.
      20-11 College Point Blvd, College Point, NY 11356
      View Details
    • Contact for pricing
      2,500 SF

      Mixed-Use Building in College Point

      Newly renovated mixed-use building with restaurant and residential units.
      1524 College Point Blvd, College Point, NY 11356
      View Details
    • Contact for pricing

      College Point Development Site

      19,000 SF buildable site with pre-approved mixed-use plans.
      15-09 127Th St, Queens, NY 11356
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,285 SF

      College Point Warehouse Space Available

      5,285 SF warehouse with drive-in gate and mezzanine offices.
      1839 128Th St, College Point, NY 11356
      View Details
    • $7,466 /Mo

      College Point Commercial Space Available

      Office or warehouse space for lease in College Point.
      2230 119Th St, College Point, NY 11356
      View Details
    • $8,000 /Mo

      College Point Warehouse with Mezzanine

      Warehouse space with mezzanine, walk-in freezer, and drive-in gate.
      18-36 127Th St, College Point, NY 11356
      View Details
    • $8,633 /Mo

      Warehouse For Lease

      Warehouse space available for lease in College Point, NY.
      2226 119Th St, College Point, NY 11356
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14-53 118 St
    Queens, NY 11356
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    14-53 118 St, Queens, NY, 11356
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!